Providence Bank & Trust Mortgage Lending & HMDA Data, 2016
In 2016, Providence Bank & Trust of South Holland, IL reported 374 mortgage applications totaling $81.6 million, up 10% from 2015. The average application was for $218,131, and applicants reported an average income of $96,058. 51% of its applications resulted in an originated loan and 9% were denied. Its largest markets were Chicago-Naperville-Arlington Heights, IL (152), Gary, IN (106) and Lake County-Kenosha County, IL-WI (4) (applications in parentheses).
| Mortgage Company & Address | Providence Bank & Trust 630 East 162nd St South Holland, IL 60473 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 |
| Total Number of Mortgage Applications | 374 |
| Total Mortgage Loan Application Amount | $81,581,000 |
| Average Mortgage Loan Application Amount | $218,131 |
| Highest Mortgage Loan Application Amount | $3,129,000 |
| Average Applicant Income | $96,058 |
| Highest Applicant Income | $1,254,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Providence Bank & Trust filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Chicago-Naperville-Arlington Heights, IL | 152 | $ 35,158,000 | $ 231,302 | $ 94,000 |
| Gary, IN | 106 | $ 22,002,000 | $ 207,566 | $ 85,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 712,000 | $ 178,000 | $ 86,500 |
| Elgin, IL | 3 | $ 516,000 | $ 172,000 | $ 132,000 |
| Grand Rapids-Wyoming, MI | 3 | $ 487,000 | $ 162,333 | $ 69,000 |
| Rockford, IL | 3 | $ 114,000 | $ 38,000 | $ 91,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 814,000 | $ 407,000 | $ 143,000 |
| Niles-Benton Harbor, MI | 2 | $ 367,000 | $ 183,500 | $ 106,000 |
| Kankakee, IL | 1 | $ 207,000 | $ 207,000 | $ 401,000 |
| Muskegon, MI | 1 | $ 338,000 | $ 338,000 | $ 240,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 268,000 | $ 268,000 | $ 150,000 |
| Tampa-St. Petersburg-Clearwater, FL | 1 | $ 177,000 | $ 177,000 | $ 35,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 284,000 | $ 284,000 | $ 1,254,000 |
Mortgage Loan Application Detail Totals for Providence Bank & Trust in 2016
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 217 | $40,199,000 | $185,000 | $1,659,000 | $92,000 | $1,254,000 |
| Refinancing | 146 | $40,456,000 | $277,000 | $3,129,000 | $103,000 | $410,000 |
| Home Improvement | 11 | $926,000 | $84,000 | $337,000 | $84,000 | $182,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 323 | $65,269,000 | $202,000 | $1,659,000 | $104,000 | $1,254,000 |
| Not applicable | 19 | $12,251,000 | $644,000 | $3,129,000 | $0 | $0 |
| Black or African American | 14 | $1,247,000 | $89,000 | $278,000 | $70,000 | $165,000 |
| Hispanic | 13 | $1,924,000 | $148,000 | $408,000 | $62,000 | $138,000 |
| Asian | 3 | $727,000 | $242,000 | $368,000 | $179,000 | $410,000 |
| Not Provided | 2 | $163,000 | $81,000 | $110,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiin or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 374 | $81,581,000 | $218,000 | $3,129,000 | $96,000 | $1,254,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 190 | $42,376,000 | $223,000 | $3,129,000 | $94,000 | $410,000 |
| Preapproval Approved but not Accepted | 68 | $16,201,000 | $238,000 | $1,659,000 | $97,000 | $583,000 |
| Application Approved But Not Accepted | 49 | $11,960,000 | $244,000 | $915,000 | $106,000 | $341,000 |
| Application Denied By Financial Institution | 34 | $6,274,000 | $184,000 | $417,000 | $83,000 | $364,000 |
| Preapproval Denied by Financial Institution | 21 | $2,435,000 | $115,000 | $238,000 | $49,000 | $190,000 |
| File Closed For Incompleteness | 8 | $877,000 | $109,000 | $344,000 | $85,000 | $130,000 |
| Application Withdrawn By Applicant | 4 | $1,458,000 | $364,000 | $794,000 | $397,000 | $1,254,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Providence Bank & Trust's 2016 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Providence Bank & Trust's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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